phicube

NVDA - Why is it going up so strongly without any pullbacks?

phicube Updated   
BATS:NVDA   NVIDIA
Hello everyone!

I'm getting a lot of requests regarding NVDA behavior and targets.

In my last post about BTC targets, I showed you a very simple and powerful way to see giant tends. NVDA is also a very good example. Let's dive in!

First, a few basics:

1) Price has only two behaviors, trending and consolidating.
2) Price is fractal by nature, with geometric patterns repeating within themselves on different scales.
3) The 5 - 3 fractal is the most dominant. It is the simplest form to represent Phi, the Golden Mean.
4) The 5 -3 fractal, when drawn inside itself, reveals a single number at all reversal points. This number is Phi raised to the third power (Phi cubed = 4.236 = PhiCube, my trademark for over 27 years).
5) PhiCube separation is the key to seeing the "relative behavior" of the fractals, which defines trends, consolidations, direction, velocity, acceleration, stops, and targets.
6) With PhiCube calibration, almost all conventional indicators will give the same interpretation of the variables in 5) above, without ambiguity.

I will be elaborating more on these fundamentals in future posts.

So let's have a look at NVDA.

Please observe that it is above 3 green lines. These lines represent the 1292, 305, and 72 bar fractals. As they are all aligned upward numerically, this is the definition of a GIANT UPTREND. The target in this case is the Moon.

You will notice other lines in the chart, namely the purple and light blew lines. These represent the 17 and 34 bar fractals (very small in comparison to the 1292 Giant).

The 1292 Green Giant is 72 times larger than the 17bar fractal. It's as if the 17 were a tiny ant on the Green Giant's kitchen floor. The Giant will step on it without even noticing.

So here's a great setup for you...one of our best!

If you have 3 green lines aligned to the upside and you see a 17bar or 34bar resistance, it is an OPPORTUNITY TO BUY THE GIANT UPTREND.

The folks who look at candlestick patterns or short term indicators and believe that price is rolling over, do not see that they are inside the Giant's house. They will be crushed by the Giant.

This behavior is visible on any timeframe. As long as you see it, you can be confident that the giant uptrend will continue.

I will be posting more soon. Stay tuned!

Bo
Comment:
Stay tuned for more tips on how you can calibrate ANY indicator to give you the proper interpretation of trends, consolidations, stops, and targets...all without any ambiguity.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.